News summary
US core CPI dropsbonbombluxpotsmegawaysInterest rates on the US dollar and US bonds fell, and gold prices are expected to usher in a new round of gains. The U.S. CPI in April was slightly lower than expected, and the core CPI monthly rate hit a new low, which may boost Shanghai gold prices to exceed 560 yuan/gram.
Newsletter text
[The US dollar and US debt both fell, and gold prices ushered in new opportunities]
Recently, with the cooling of the core CPI in the United States and the fall of the US dollar and US debt, the investment prospects in the precious metals market have become more optimistic. This week, due to the combined effect of these factors, Shanghai gold prices once again exceeded 560 yuan/gram, showing the strong momentum of the market.
In terms of data, the U.S.'s unseasonally adjusted CPI annual rate in April was recorded at 3.bonbombluxpotsmegaways.4%, which is down from 3.5% in the previous month and is in line with market expectations. In addition, the core CPI monthly rate also fell back to 0.3% in April, the lowest since December last year.
It is worth noting that the U.S. bond market has also shown a weak trend recently. The weakening of the US dollar has provided upward momentum for the precious metals market, especially the gold market. These phenomena suggest that investors may re-evaluate precious metals as part of their investment portfolio in order to seek better value preservation and appreciation.
In the secondary market, a new round of rise in gold prices has become the focus of investors 'attention. Professionals suggest that investors should pay close attention to further changes in U.S. inflation data and adjust their investment strategies based on market dynamics.